Budget & Taxes (Income Tax)

in committee · South Carolina · House Jan 16, 2025

H 3733: Elimination of individual income tax

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-511 SO AS TO ELIMINATE THE IMPOSITION OF THE INCOME TAX ON INDIVIDUALS, ESTATES, AND TRUSTS; BY REPEALING SECTION 12-6-510 RELATING TO TAX RATES FOR INDIVIDUALS, ESTATES, AND TRUSTS; BY REPEALING SECTION 12-6-515 RELATING TO INCOME TAX BRACKETS; BY REPEALING SECTION 12-6-520 RELATING TO ANNUAL ADJUSTMENTS TO INCOME TAX BRACKETS; AND BY REPEALING SECTION 12-6-545 RELATING TO INCOME TAX RATES FOR PASS-THROUGH TRADE AND BUSINESS INCOME.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill eliminates individual income tax, reducing state revenue and weakening tax base, directly opposing fiscal management through tax reduction.95% confidence

Sub-Topics Business Taxes Income Tax

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in committee · South Carolina · House Jan 28, 2025

H 3811: Education tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR CERTAIN TAXPAYERS WHO HAVE A CHILD WHO ATTENDS A QUALIFYING PRIVATE SCHOOL, PAROCHIAL SCHOOL, OR HOME SCHOOL.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides income tax credit for private/home school families, reducing tax burden and aligning with tax relief indicators under Budget & Taxes.90% confidence ✓ EducationSupports EducationProvides tax credit for private/parochial/home schooling, expanding educational access options for families within K-12 education framework.95% confidence

Sub-Topics Income Tax Tax Credits School Choice

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in committee · South Carolina · House Feb 5, 2025

H 3465: Food desert tax credit

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-3830 SO AS TO PROVIDE FOR AN INCOME TAX CREDIT FOR A GROCER WHO OPENS A NEW LOCATION IN A FOOD DESERT; AND BY AMENDING SECTION 12-36-2120, RELATING TO SALES TAX EXEMPTIONS, SO AS TO PROVIDE A SALES TAX EXEMPTION FOR CERTAIN PURCHASES MADE BY A GROCER WHO OPERATES A NEW STORE LOCATED IN A FOOD DESERT.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides income tax credit and sales tax exemption for grocers in food deserts, reducing business tax burden to incentivize investment in underserved areas.95% confidence

Sub-Topics Income Tax Sales Tax Tax Credits

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passed · South Carolina · House Mar 31, 2026

H 3368: Income tax on overtime pay

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1120, RELATING TO MODIFICATIONS TO GROSS INCOME FOR INDIVIDUAL INCOME TAX PURPOSES, SO AS TO EXCLUDE OVERTIME PAY AND CERTAIN BONUS PAY FROM GROSS INCOME.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes overtime pay from taxable income, providing tax relief to workers and reducing individual tax burden per tax code amendment.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExcludes overtime pay from taxable income, increasing workers' net earnings without reducing wages or benefits.95% confidence

Sub-Topics Income Tax Labor Standards

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in committee · South Carolina · House Jan 15, 2025

H 3741: Active duty military income tax deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1140, RELATING TO INCOME TAX DEDUCTIONS, SO AS TO DEDUCT TAXABLE INCOME RECEIVED AS THE RESULT OF EMPLOYMENT AS AN ACTIVE-DUTY SERVICE MEMBER OF THE UNITED STATES ARMED FORCES.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for active-duty military income, reducing taxable income for middle-income earners and aligning with tax relief indicators.90% confidence

Sub-Topics Income Tax

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in committee · South Carolina · Senate Jan 21, 2025

S 250: Long-term Care Tax Credit Act

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ENACTING THE "LONG-TERM CARE TAX CREDIT ACT" BY ADDING SECTION 12-6-3395 SO AS TO ALLOW A STATE INDIVIDUAL INCOME TAX CREDIT OF FIFTEEN PERCENT OF THE TOTAL AMOUNT OF PREMIUMS PAID BY A TAXPAYER PURSUANT TO A LONG-TERM CARE INSURANCE CONTRACT, NOT TO EXCEED TWO THOUSAND DOLLARS IN A TAXABLE YEAR FOR EACH INDIVIDUAL, AND TO PROHIBIT A DOUBLE BENEFIT.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 15% tax credit on long-term care insurance premiums (capped at $2k), reducing individual income tax burden as direct tax relief for taxpayers.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · South Carolina · House Feb 6, 2025

H 3436: Taxation

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 12-6-525 SO AS TO ALLOW MARRIED TAXPAYERS WHO FILE A JOINT FEDERAL RETURN TO CALCULATE THEIR AMOUNT OF SOUTH CAROLINA INCOME TAX OWED FOR THE TAX YEAR AS THOUGH EACH TAXPAYER FILED A RETURN AS A SINGLE TAXPAYER IF THE TAXPAYERS' CUMULATIVE TAX OWED WOULD BE LESS THAN THE AMOUNT THEY WOULD OWE HAD THEY FILED A JOINT RETURN.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief by allowing married couples to calculate state tax as single filers if it reduces their liability, directly lowering tax burden for eligible taxpayers.90% confidence

Sub-Topics Income Tax

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in committee · South Carolina · House Jan 30, 2025

H 3865: Income tax deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1140, RELATING TO INCOME TAX DEDUCTIONS, SO AS TO PROVIDE A DEDUCTION FOR AMOUNTS EARNED BY AN INDIVIDUAL UNDER THE AGE OF EIGHTEEN; AND BY ADDING SECTION 12-6-4915 SO AS TO PROVIDE THAT AN INDIVIDUAL UNDER THE AGE OF EIGHTEEN IS NOT REQUIRED TO FILE AN INCOME TAX RETURN.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for under-18s, reducing taxable income and offering tax relief to young earners, aligning with fiscal accessibility for lower-income groups.95% confidence

Sub-Topics Income Tax

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in committee · South Carolina · House Apr 23, 2025

H 4395: NIL income tax deduction

A BILL TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY AMENDING SECTION 12-6-1140, RELATING TO INCOME TAX DEDUCTIONS, SO AS TO PROVIDE AN INCOME TAX DEDUCTION FOR INCOME RECEIVED BY STUDENT ATHLETES FOR THE USE OF THEIR NAME, IMAGE, OR LIKENESS.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a tax deduction for student athletes' NIL income, providing targeted tax relief under tax policy.90% confidence

Sub-Topics Income Tax

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